Dot your I’s and cross your T’s because it is all about risk

The lesson coming about the latest round in the battle for Yahoo is simple; tell the truth the whole truth and nothing but the truth because if you don’t well, be prepared to make an exit. However Third Point’s assault on Yahoo is just one example of how investors are taking a more active role in how their companies are being managed.

Incorrect information on a resume is not the only thing that is important to investors – showing up – well that counts too. Just last month, Ricardo Salgado was forced to resign from the board of NYSE Euronext because he failed to attend enough board meetings. That being said, corporate governance or the lack thereof is clearly on the mind of investors and managers around the globe. Rarely a day goes by when an article does not appear in the popular press about what the board is doing however what we have not seen is many stories on what board members are thinking.

When we did some digging, we found the folks at EisnerAmper LLP just released the results of the third annual survey of corporate directors – which took the temperature of board members around the country. The study which is downloadable through this link provides real insight into the minds of those tasked with overseeing Corporate America. We hope you enjoy it.

As always if you questions comments or concerns please get in touch.

Posted in: Board of directors, Business, Corporate governance, Daniel Loeb, NYSE Euronext, Ricardo Salgado, Scott Thompson, Yahoo